Tax Tips 2024 – 25 Part 6

Your business – making the rules work for you  34 Choose the most tax-advantageous structure for your new business. Tax changes, such as the recent 3% cut to the main rate of self-employed NICs, have made the decision on how to structure a new business quite...

Tax Tips 2024 – 25 Part 5

Estate planning – handing on your wealth  25 Plan to maximise your inheritance tax (IHT) nil rate band on death.  Everyone has a nil rate band of £325,000 on which no IHT is charged. If you have children, or stepchildren, you can add up to £175,000 (known as the...